Strs Ohio Invests $1.89 Million in F.N.B. Co. (NYSE:FNB)

Strs Ohio bought a new stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 137,124 shares of the bank's stock, valued at approximately $1,888,000.

Several other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of F.N.B. by 27.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,171,990 shares of the bank's stock worth $14,592,000 after buying an additional 248,892 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in F.N.B. by 49.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 151,346 shares of the bank's stock worth $1,884,000 after acquiring an additional 50,271 shares during the period. Private Advisor Group LLC grew its holdings in F.N.B. by 10.7% during the first quarter. Private Advisor Group LLC now owns 15,696 shares of the bank's stock worth $195,000 after acquiring an additional 1,515 shares during the period. Natixis Advisors L.P. boosted its position in F.N.B. by 37.1% during the first quarter. Natixis Advisors L.P. now owns 27,259 shares of the bank's stock worth $339,000 after purchasing an additional 7,373 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of F.N.B. by 3.9% in the first quarter. Bank of Montreal Can now owns 47,930 shares of the bank's stock valued at $614,000 after acquiring an additional 1,783 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

Analysts Set New Price Targets

FNB has been the subject of several recent analyst reports. Bank of America initiated coverage on F.N.B. in a research note on Thursday, January 11th. They set a "buy" rating and a $15.00 target price for the company. Stephens dropped their target price on F.N.B. from $16.00 to $15.00 and set an "overweight" rating on the stock in a research report on Friday. Raymond James upped their price target on F.N.B. from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Monday, January 22nd. Wells Fargo & Company increased their price target on F.N.B. from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 10th. Finally, StockNews.com lowered F.N.B. from a "hold" rating to a "sell" rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, F.N.B. currently has an average rating of "Moderate Buy" and a consensus target price of $15.00.

F.N.B. Stock Up 2.9 %

Shares of F.N.B. stock traded up $0.37 on Friday, hitting $13.13. 2,722,463 shares of the company traded hands, compared to its average volume of 1,918,995. The company has a 50-day moving average price of $13.45 and a 200 day moving average price of $12.78. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. F.N.B. Co. has a 12-month low of $10.09 and a 12-month high of $14.19. The company has a market cap of $4.72 billion, a PE ratio of 10.59, a PEG ratio of 9.04 and a beta of 1.02.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $406.87 million during the quarter, compared to analyst estimates of $406.96 million. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. During the same quarter in the prior year, the business posted $0.40 earnings per share. Sell-side analysts predict that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Wednesday, March 6th were issued a $0.12 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 annualized dividend and a yield of 3.66%. F.N.B.'s dividend payout ratio (DPR) is presently 38.71%.

Insiders Place Their Bets

In other F.N.B. news, Director William B. Campbell purchased 2,500 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $13.41 per share, for a total transaction of $33,525.00. Following the purchase, the director now owns 145,388 shares of the company's stock, valued at $1,949,653.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.03% of the company's stock.

About F.N.B.

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.